CAR LOAN CALCULATOR

def calculate_emi(principal, annual_rate, years): monthly_rate = annual_rate / (12 * 100) # annual to monthly interest months = years * 12 if monthly_rate == 0: emi = principal / months else: emi = principal * monthly_rate * ((1 + monthly_rate) ** months) / ((1 + monthly_rate) ** months - 1) return emi def car_loan_calculator(): print("🔢 Car Loan EMI Calculator\n") # Input try: principal = float(input("Enter loan amount (₹): ")) annual_rate = float(input("Enter annual interest rate (%): ")) years = int(input("Enter loan tenure (in years): ")) except ValueError: print("❌ Invalid input! Please enter numeric values.") return # Calculations emi = calculate_emi(principal, annual_rate, years) total_payment = emi * years * 12 total_interest = total_payment - principal # Output print("\n📊 Loan Details:") print(f"Monthly EMI: ₹{emi:.2f}") print(f"Total Interest: ₹{total_interest:.2f}") print(f"Total Payment (Principal + Interest): ₹{total_payment:.2f}") # Run the calculator car_loan_calculator()